Impressive gains were seen across the grain and soy complex early in the week, but positioning ahead of Monday’s USDA reports lead to a bout of corrective selling and positioning as traders gear up for what could be on of the biggest catalysts of the year. South American weather prospects are turning more bullish for production and Argentina planted more corn than initially thought. The capture of Venezuela’s Maduro lead to increased uncertainty on geopolitics and the oil market, which the market seemingly ignored. we update our cash forecasts and give a look at much more in this week’s newsletter.
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(ProFarmer)